PRESS DIGEST - Wall Street Journal - Nov 9

Nov 9 (Reuters) - The following were the top stories in The
Wall Street Journal on Monday. Reuters has not verified these
stories and does not vouch for their accuracy.

* Companies that cater to consumers believe that customers
are digging in for a long, frugal winter. Despite signs of
recovery in housing, manufacturing and auto sales, consumers
remain spooked by 10.2 percent unemployment.

* General Electric Co (GE.N: Cotización) and Comcast Corp (CMCSA.O: Cotización)
have agreed to value NBC Universal in the neighborhood of $30
billion, a development that could lead to a deal this week for
Comcast to take control of GE's media and entertainment arm.

* Kraft Foods Inc KFT.N is expected Monday to officially
launch a hostile bid for Cadbury Plc CBRY.L, setting in
motion a tussle for control of the British confectionary firm.

* Over nearly a year of battles with U.S. regulators and
investigators, Bank of America Corp (BAC.N: Cotización) Chief Executive
Kenneth Lewis gradually lost control of a bank he had worked at
for 40 years.

* British Prime Minister Gordon Brown and U.S. Treasury
Secretary Timothy Geithner clashed over potential taxes on bank
transactions at a meeting of finance policymakers from the
Group of 20 leading economies.

* U.S. President Barack Obama's health-care bill faces an
uncertain Senate battle after the House passed the measure by a
220-215 vote.

* Sprint Nextel Corp (S.N: Cotización) and its partners are preparing
to pump at least $1 billion more into Clearwire Corp, adding
yet more aid to a wireless broadband firm that has struggled to
build out its next-generation network.
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